Federal investigators are investigating claims suggesting Pfizer delayed announcing test results of its Covid vaccine until after the 2020 presidential election, the Wall Street Journal reported, bolstering a claim by President Donald Trump, who has claimed for years the company withheld vaccine results to impact his chances at reelection.
Healthcare stocks have been out of vogue with investors since late 2022. Myriad reasons underlie the negative sentiment toward the healthcare sector, but in some instances, this dour take isn't entirely warranted.
The report said GSK's former head of vaccine development, Philip Dormitzer, who joined the company after working at rival Pfizer, had told his GSK colleagues about the delay.
In the latest trading session, Pfizer (PFE) closed at $25.21, marking a -1.33% move from the previous day.
Federal prosecutors in Manhattan are probing a claim brought by GSK that Pfizer delayed announcing the success of its COVID-19 vaccine in 2020 until after that year's election, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Pfizer's stock is poised for growth due to its strong pipeline, smart cost management, and recovery from COVID-19 revenue decline. Recent acquisitions and product launches in oncology and vaccines strengthen Pfizer's market position and future revenue streams. Despite potential risks like tariffs and drug development delays, Pfizer's current valuation is attractive, resembling 2008-2009 levels.
Of late, pharmaceutical behemoth Pfizer Inc.'s PFE stock has struggled, but it remains a bargain with generous dividends. Its financials aren't in bad shape either.
Bulls have good reasons to love PFE, with attractive dividend yield and low P/E ratio being two of the frequently mentioned ones. But I urge potential investors to consider the contradicting factors against the bullish sentiments. With its bleak growth outlook, the Graham P/E ratio suggests a valuation premium instead of a discount.
Pfizer divests its 7.3% remaining stake in Haleon to institutional investors and Haleon itself.
If you're looking for reasonably priced stocks to pick up right now, you shouldn't overlook Pfizer (PFE -0.50%). The pharmaceutical giant isn't as risky an investment as it may appear to be.
Healthcare is a defensive sector that is more resilient to economic downturns than most others. That's one of several reasons it is home to solid dividend stocks, including Pfizer (PFE -0.49%) and Bristol Myers Squibb (BMY 0.23%), two of the leading pharmaceutical companies in the world.
Uncertainty dominates the market, with consumer sentiment and business confidence at multi-year lows. Inflation fears persist, and policy support seems unlikely. Amid rising risks, I favor high-yield stocks with strong business models. These picks offer stability, solid dividends, and long-term market-beating potential. My selections span key sectors, ensuring steady income and growth. Each stock is attractively valued, making them compelling opportunities in today's volatile market.